Canadian employers see the advantages of having an employee benefit program. However, increasing drug costs, the demands of keeping an aging workforce on the job, and having the ability to recruit the best new employees and retain valued employees is creating a new challenge – maximizing benefits without increasing costs. Benefits and Pensions Monitor’s Meetings […]
We’ve received a number of questions this year on how the patronage dividends are calculated. We’d like to elaborate here on the formula, and we welcome any feedback from you as to how we can improve. At the end of the year, there are companies in a surplus, and companies in a deficit. If we separate […]
There are a number of life events that can impact a benefit plan. When one of these events happens in your life, you generally have 30 days from that date to make a change to your benefit plan, with no medical requirement. Please see the various documentation required in order to make a change. Adding […]
We recently rolled out a new website making it a better platform for building and running on mobile devices. But did you know both the Co-operators and Green Shield Canada offer members mobile apps for claims submissions and management?
Our 2015 Annual Report 2015 highlights our work towards our goal of helping small and medium sized enterprises maintain the best employee benefits at the lowest possible costs. Selected Highlights: Total co-operative patronage dividend $917,000 Maximum patronage dividend: $53,905.44: Average dividend: $8,016.74 Introduction of Pharmacogenetics to our Benefits Offering Members subscribing to the Reformulary system experienced a 17% […]
Beneplan is pleased to announce its 2015 financial statements. We’re proud to announce that the total surplus to be distributed to our membership for CY2015 is $923,297 in patronage dividends. Please remember to review the new Board of Director nominees in advance of the AGM on April 7th, 2015. Patronage Dividend results by member will be released […]
With the 2016 AGM only 1 week away, everyone here at Beneplan is excited to introduce this years nominees to our Board of Directors.
At Beneplan, our favourite time of year is the spring because we have the privilege of distributing dividends to all of our member-owners. First, the dividend amount and audit must be approved by member-owners at the Annual General Meeting. All stake-holders are invited to attend.
Effective January 1st 2016, Beneplan is proud to introduce a new program, designed to help individuals on expensive medications. As the number of Canadians prescribed very expensive medications continues to rise well above the rate of healthcare cost inflation, the insurance industry has done little to shield employers and their employees from these rising costs. At […]